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Gazprombank Asset Management has appointed Igor Kan to the position of vice-president and head of structured products portfolio management and trading.
Aylin Suntay, first vice-president of Gazprombank and CEO of Gazprombank Asset Management, says: “We are very glad to welcome Igor to our investment management team where we believe he will play a key role to further develop our product strategy and line-up. He will oversee our fast growing structured products asset management business for both corporate and institutional investors and HNW clients.”
Prior to joining Gazprombank Kan worked for Russian Regional Development Bank, a subsidiary of Rosneft, as
State Street Corporation announced this week that it was expanding its relationship with EARNEST Partners to provide a full suite of servicing solutions for the firm’s new UCITS funds.
EARNEST Partners, which currently advises on more than USD20bn in assets for clients around the world, will now offer global access to its equity strategies through its Irish domiciled UCITS funds, including global emerging markets, frontier markets and global ex-US equities.
State Street currently provides support for EARNEST Partners’ onshore funds. As part of the expansion of its current servicing relationship, State Street will now also provide asset management services
Hedge fund redemptions for June will total 4.80 per cent, according to the SS&C GlobeOp Forward Redemption Indicator.
"In line with semi-annual patterns, forward redemptions increased for the month of June, with the majority of activity falling in the under one month category," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp
Conor McCarthy has joined brokerage and trading services provider ConvergEx Group as chief financial officer.
McCarthy will oversee all of ConvergEx’s global financial operations and will serve on the firm’s Executive Committee, responsible for providing organisational guidance and governance.
“I am excited to have Conor join the ConvergEx leadership team, as he brings an impressive 30-year track record as the chief financial officer, controller or treasurer for many leading financial institutions,” says Eric Noll, ConvergEx Group president and CEO. “His skills are perfect for us as we continue to drive our business forward into new markets and develop innovative
Intercontinental Exchange has set the initial public offering (IPO) price of the ordinary shares of Euronext at EUR20.00 per share valuing the pan-European exchange group at EUR1.4 billion.
Euronext’s ordinary shares will be listed and admitted to trading under the symbol ENX on Euronext Paris, Euronext Amsterdam and Euronext Brussels as of 20 June 2014 (on an “as-if-and-when-delivered” basis). Euronext also intends to list on Euronext Lisbon by the fourth quarter of 2014.
Due to strong investor demand, all of the 42,248,881 offered shares were sold in the IPO, representing 60.36 per cent of the total issued ordinary share
Maitland has received approval from the Luxembourg regulator (CSSF Luxembourg) for its Alternative Investment Fund Manager Directive (AIFMD) compliant management company and specialised investment fund.
Together, they provide fund managers with a solution to the regulatory and supervisory burden associated with the AIFMD, enabling them to focus on their core fund management activities.
MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager (AIFM) to third-party alternative investment funds (AIFs) as well as to the new Maitland AIF platform, MS SICAV SIF.
MS SICAV SIF
A white paper from Gravitas provides alternative investment companies with a layered cybersecurity strategy including a six-point framework of actionable steps to address a range of cyber-threats head on.
Gravitas is a co-sourcing platform providing portfolio management and risk analytics, research and analytics, operations and information technology services to the alternative investment industry.
“The evolving cyber-threat landscape and increased regulatory scrutiny have created tremendous pressure for alternative investment firms as they shore-up their IT security,” says Patrick Mullevey, executive director of Systems Integration at Gravitas. “Gravitas has constructed a framework for assessing a firm’s cybersecurity awareness, preparedness and resilience
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Robert J Andres and his company Winsome Investment Trust and Robert L Holloway and his company US Ventures (USV) to pay a civil monetary penalty of USD32,370,000 and restitution for defrauded customers totalling USD12 million.
The court’s order also imposes permanent trading and registration bans against Andres, Winsome, Holloway, and USV and prohibits them from violating provisions of the Commodity Exchange Act, as charged.
The default judgment order stems from a CFTC civil enforcement action filed on 24 January 2011, which charged the defendants with
Gold exhibits the characteristics of liquid alternatives (liquid alts) without many of the inherent disadvantages associated with this growing sector, according to a paper by the World Gold Council (WGC).
There has been a surge in the creation and demand for liquid alternatives following the financial crisis as investors look to alternative assets to provide efficient risk-adjusted returns and diversify risk exposures from traditional securities such as stocks, bonds and cash.
The paper – The most liquid of all liquid alts – examines how gold exhibits all of the characteristics which differentiate liquid alternatives from other alternative assets, such
TABB Group has named industry veteran Anthony J Perrotta, Jr as its new head of fixed income research, reporting to Larry Tabb, founder and chief executive.
Perrotta, the former CEO of fixed income consultancy Cornerstone Resources, will be responsible for directing TABB’s research alliance fixed income practice, which serves rates and credit market institutional investors, focusing on market structure, regulatory reform, trading, operational and technology issues impacting corporate bonds, Treasuries, swaps and other credit and rate derivatives in the US, Europe and Asia.
“Our fixed income practice is one of our four core strengths. The addition of Anthony to
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